It certainly won’t help with home prices in the range you are talking about Rich from $600,000 to $900,000. I’m not sure how anyone can try to even look at it as it being nothing less than a big negative for home prices. That’s why the realtor lobby group is fighting it so viciously….
It’s not going to help things at the higher end of the market and the NAR knows it.
Personally I think it’s a healthy development. It’s healthy that they are working to ease out of the market and as they do, loans should get more difficult to get and as they do it will put more pressure on home prices.
